# PPP loan: STERLING EQUIPMENT, INC.
> **$566K** approved 04/07/2020 · Paid in Full · Loan `7271067005`
## Borrower
- **Name:** STERLING EQUIPMENT, INC.
- **Address:** 555 South Street, QUINCY, MA, 02169-7318
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $566K
- **Initial approval:** $566K
- **Forgiven:** $572K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $566K
- **Jobs reported:** 52
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*